Watch List notes:

Royal Bank of Scotland, £5, 1916, serial number E433 6451, uniface, blue and white, portrait George I top centre flanked by unicorn and lion, value top left and right and in dark brown panel at centre, ornate panel at left(Banknote Yearbook SC806a), pinhole at centre left, some discolouration, ink initials on reverse, otherwise about fine, rare.

Estimate: £200.00 - £250.00